Renaissance Technologies LLC Has $19.71 Million Stock Holdings in SandRidge Energy, Inc. (NYSE:SD)

Renaissance Technologies LLC raised its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 5.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,524,312 shares of the oil and natural gas company’s stock after purchasing an additional 79,400 shares during the quarter. Renaissance Technologies LLC’s holdings in SandRidge Energy were worth $19,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in shares of SandRidge Energy in the second quarter valued at approximately $25,000. Quest Partners LLC bought a new stake in shares of SandRidge Energy in the fourth quarter valued at approximately $205,000. Victory Capital Management Inc. bought a new stake in shares of SandRidge Energy in the second quarter valued at approximately $224,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of SandRidge Energy in the second quarter valued at approximately $243,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of SandRidge Energy in the first quarter valued at approximately $243,000. Institutional investors and hedge funds own 61.84% of the company’s stock.

SandRidge Energy Trading Down 0.2 %

SD opened at $12.22 on Friday. SandRidge Energy, Inc. has a 1-year low of $11.51 and a 1-year high of $16.60. The stock has a market capitalization of $454.34 million, a price-to-earnings ratio of 9.35 and a beta of 2.09. The business has a 50 day moving average of $12.88 and a 200-day moving average of $13.45.

SandRidge Energy (NYSE:SD) last posted its quarterly earnings data on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter. SandRidge Energy had a return on equity of 9.88% and a net margin of 31.47%. The company had revenue of $25.98 million during the quarter.

SandRidge Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.44 annualized dividend and a yield of 3.60%. SandRidge Energy’s dividend payout ratio (DPR) is currently 33.85%.

SandRidge Energy Company Profile

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.